A Leverton / MRI alternative for lease abstraction
Leverton brought AI document extraction to enterprise lease administration, and MRI Software acquired it in July 2019. The technology now ships as MRI Contract Intelligence inside the MRI stack. That fit is right for large portfolios standardizing on MRI for years, and wrong for a team that needs 40 leases abstracted before a closing next month. Leaseabstracts covers the second case: self-serve AI abstraction, source-linked fields, and an export you load into MRI or anywhere else, with no implementation in front of it.
HOW TO CHOOSE
Leaseabstracts vs Leverton (MRI)
A fair, factual comparison. We differentiate on self-serve speed, per-lease pricing, source-linking, and export, not on disparaging anyone.
Deployment
No enterprise implementation. Self-serve from your first lease.
Export to MRI
An MRI-mapped export so abstracts drop into your existing system without re-keying.
Source-linking
Every field links to its clause for verification and audit.
Pricing
Per-plan pricing instead of an enterprise contract and sales cycle.
WHERE LEASEABSTRACTS FITS
Leaseabstracts gives you AI abstraction and MRI-mapped export without the enterprise platform commitment.
Last updated July 2026
Leverton, MRI Contract Intelligence, and where they sit today
Leverton was an AI document extraction company built for real estate and corporate contracts. MRI Software acquired it on July 31, 2019, and the product is now marketed as MRI Contract Intelligence, alongside MRI's own AI lease abstraction software. If you searched for Leverton and landed on an MRI page, that is why.
What changed for buyers is the shape of the purchase. Standalone extraction became a component of an enterprise platform, which means it is scoped, licensed, and implemented with the rest of the stack. For an organization moving its whole portfolio onto MRI, that is the point. For a team whose problem is a stack of lease PDFs and a deadline, an enterprise procurement cycle is the wrong instrument.
Honest comparison
Both approaches use AI to read leases. They differ in what else you are buying and how fast you start.
| MRI Contract Intelligence | Leaseabstracts | |
|---|---|---|
| What it is | Extraction inside an enterprise CRE platform | Standalone self-serve lease abstraction |
| Time to first abstract | After scoping and implementation | Same day, from your first upload |
| Commercial model | Quote based, annual enterprise contract | Published per-plan pricing, no contract |
| System of record | Yes, the full MRI platform | No, we produce the data and you keep the files |
| Document scope | Leases plus wider corporate and legal contracts | Commercial leases and their amendments |
| Best for | Large portfolios standardizing on MRI long term | Recurring abstraction, deal deadlines, migrations, teams without a platform |
Where MRI wins is breadth. If you need one vendor covering the lease record, recoveries, accounting, and reporting across thousands of leases and multiple entities, a platform is the correct purchase and extraction is one part of it. Where a standalone tool wins is time and commitment: nothing to license, nothing to configure, and an export you own on day one. Plenty of teams run both, which is why our MRI lease abstraction page covers getting data into MRI rather than replacing it.
What does MRI Contract Intelligence cost?
MRI does not publish a rate card for Contract Intelligence, and pricing is quoted per engagement based on portfolio size, modules, and implementation scope. Treat any figure you see quoted elsewhere as unverified. When you request a quote, ask for the software subscription, the implementation, and the abstraction of your existing lease back catalog broken out as separate lines, because the back catalog is frequently the largest of the three and the one buyers forget to budget.
Leaseabstracts publishes its plans, starting at $39 per month billed yearly, with no implementation fee and no minimum lease count. The full breakdown of how abstraction is priced across software, services, and platforms is in our lease abstraction cost guide.
Switching or supplementing
You do not have to choose in the way vendor pages imply. The most common pattern we see is a team that keeps MRI as the system of record and uses a self-serve tool for the documents arriving this week, because the volume does not justify routing everything through an enterprise workflow.
The exports are plain Excel and CSV, structured to map onto an MRI lease record, so the data lands where it needs to. And because the files stay with you, the abstracts remain usable if the platform decision ever changes. That is a genuine difference from data that exists only inside a subscription. Other options are compared on our best lease abstraction software page.
FAQ
Common questions
Is Leverton still available?
Not as a standalone brand. MRI Software acquired Leverton on July 31, 2019, and the AI extraction technology is now sold as MRI Contract Intelligence within the MRI platform. Searches for Leverton generally resolve to MRI product pages.
What is the best Leverton alternative?
It depends on what you were buying Leverton for. If you need enterprise contract analytics across a large document estate, the alternatives are other enterprise platforms. If you need commercial lease abstraction without an implementation, a self-serve AI tool such as Leaseabstracts covers the same extraction job, with source-linked fields and an export you own, starting the day you sign up.
How much does MRI Contract Intelligence cost?
MRI does not publish pricing; it is quoted per engagement based on portfolio size, modules, and implementation scope. Ask for the subscription, the implementation, and the abstraction of your existing lease back catalog as separate line items, since the back catalog often exceeds the first year of software.
Can it export into MRI?
Yes. Abstracts export to Excel or CSV structured to map onto the MRI lease record, so your team imports or copies the values in rather than re-keying from the PDF. Every field is source-linked, so a reviewer can verify each value against its clause before it reaches the system of record.
Is there an enterprise contract?
No. Leaseabstracts is self-serve with published per-plan pricing and no implementation. Enterprise terms are available for large portfolios, but nothing about starting requires a procurement cycle.
Do I have to replace MRI to use this?
No, and most teams do not. MRI stays the system of record; the abstraction happens upstream and the clean data loads in. That split lets you keep the platform you have already implemented while removing the keying bottleneck in front of it.
More lease abstraction comparisons
Try the self-serve, source-linked alternative
Upload a lease, review a source-linked abstract, and export to a spreadsheet you own. No contract.